The Cheapest Car Insurance in Illinois for 2022
The cheapest provider of car insurance in Illinois is GEICO, with an annual rate of $385 for a minimum coverage policy.
MoneyGeek collected and analyzed auto insurance quotes from several Illinois carriers to help you find the cheapest rate for your individual profile. GEICO is the most affordable option for seniors and young drivers, while State Farm has the lowest rates for drivers with a DUI. MoneyGeek found that comparing car insurance rates from several providers could save Illinois drivers roughly $925 each year.
REVIEW AUTO INSURANCE RATES
Ensure you're getting the best rate for your auto insurance. Compare quotes from the top insurance companies.
The Cheapest Car Insurance in Illinois
Drivers can use this guide to find the cheapest car insurance companies in Illinois by city. For those who want to know more about which companies offer the best combination of service and price, MoneyGeek also put together a list of the best car insurance companies in Illinois.
Why Trust MoneyGeek? Illinois car insurance rates in this study are based on our analysis of data and information from the Illinois Department of Insurance and Quadrant Information Services.
These rates were updated in September 2022 to reflect how car insurance rates in Illinois have changed up to this month.
Cheapest Minimum Liability Car Insurance in Illinois
The cheapest car insurance for Illinois drivers is a minimum liability policy, which meets the state's basic requirements. It will give you protection against expenses related to the driver of another vehicle if you get involved in an at-fault accident. However, it won’t cover damage to your car.
MoneyGeek evaluated car insurance companies in Illinois and found that the cheapest options for minimum coverage are, on average:
- GEICO: $385 per year
- Mercury: $386 per year
Based on average rates, Farmers has the most expensive car insurance for minimum coverage at $839 per year.
CHEAPEST MINIMUM CAR INSURANCE IN ILLINOIS
These prices are only estimates based on rates for an average Illinois driver and should not be used to compare insurance prices.
Compare Insurance Rates
Ensure you are getting the best rate for your insurance. Compare quotes from the top insurance companies.
Cheapest Full Coverage Car Insurance in Illinois
Illinois drivers who want protection against most road accidents and off-road incidents should consider getting a full coverage policy with higher liability limits as well as comprehensive and collision insurance. While this type of policy will cost more, it also covers the cost of damages to your car. Comparing personalized car insurance quotes from different insurers will help you find the best price.
Based on average rates, the cheapest full coverage car insurance companies in Illinois are:
- GEICO: $829 per year
- Mercury: $904 per year
The most expensive car insurance company in Illinois for a similar policy is AAA, with an average rate of $1,754 per year.
CHEAPEST FULL COVERAGE CAR INSURANCE IN ILLINOIS
Car insurance premiums depend on individual needs and circumstances, so your rate will be different from these examples. These prices are for an insurance policy with comprehensive and collision coverage that allows you to claim up to $100,000 for bodily injury liability per person, $300,000 for bodily injury liability coverage per accident and $100,000 for property damage per accident.
How to Compare Cheap Illinois Car Insurance Quotes Online
Most car insurance companies in Illinois allow drivers to get accurate quotes using an online tool. To find the best car insurance, research policies with enough coverage for your needs.
- Be consistent with how much coverage is included in the policy when comparing quotes. For example, if you get a quote for a policy with $50,000 in bodily liability coverage per accident from one insurer, use the same number when getting quotes from other carriers.
- MoneyGeek’s car insurance calculator allows you to get an estimated cost of insurance in Illinois using your ZIP code. If you want a personalized quote, you need to provide more specific details. You can also use MoneyGeek’s price data to figure out which websites you will shop on.
- GEICO, Mercury and Country Financial have the most affordable average rates in Illinois. You can begin your search by getting quotes from these companies.
Auto Insurance Calculator
See how the Average Annual Auto Insurance Rates vary with the options chosen.
Cheapest Car Insurance in Illinois for Young Drivers
Insurance carriers consider age when setting premiums. They charge younger drivers higher rates because they are riskier to insure.
Inexperienced drivers have more difficulty spotting driving hazards, resulting in more frequent collisions. A 25-year-old driver pays an average of $1,321 each year for Illinois car insurance. In comparison, a 16-year-old’s rate is more than double — a similar policy costs $3,553 annually on average.
In general, most young drivers aged 16–25 can find cheap car insurance from GEICO. MoneyGeek’s study shows it offers the lowest rates for most ages in this range.
ANNUAL CAR INSURANCE IN ILLINOIS FOR YOUNG DRIVERS
If you have a teenager or college student to insure, expect car insurance premiums to be higher than other age groups. The cheapest rate that a 25-year-old driver can get is $1,042 each year from GEICO, while a 16-year-old can get the same policy for as low as $2,473 from Progressive.
You can save money by getting car insurance quotes from different companies. Also, make sure your teen or college student drives responsibly by not speeding or texting while driving as rates go up depending on their driving record.
Cheapest Car Insurance in Illinois for Seniors
Usually, senior drivers in Illinois have higher premiums compared to middle-aged drivers. The average rate for senior drivers in Illinois is $1,243 per year. A 40-year-old average driver in Illinois typically pays $1,191 annually.
On average, the cheapest options for senior drivers in Illinois with full coverage are:
- GEICO: $822 per year
- Country Financial: $909 per year
The most expensive option for senior drivers in Illinois is AAA, at roughly $1.934 annually.
CHEAPEST CAR INSURANCE RATES FOR SENIORS
Seniors may notice their insurance premiums increase once they turn 65. According to the Office of the Illinois Secretary of State, residents over the age of 65 can expect to take a Rules of the Road course and a written exam before renewing their driver’s license in Illinois. They will have to retake the driving test when they turn 75.
If you have a senior with a clean driving history and good credit, you can still qualify for cheap car insurance in Illinois. The best way to do this is by comparing rates. You can save around $1,112 by comparing quotes from several providers.
Cheapest Car Insurance for Drivers With Tickets in Illinois
Illinois drivers with minor driving violations tend to have higher rates than those with clean records. A speeding ticket increases the average rate of comprehensive and collision insurance to $1,525 per year. That is higher than the average rate for drivers with clean records, which is $1,191 per year.
On average, Illinois drivers can find the cheapest full coverage insurance after a ticket from:
- GEICO: $1,009 per year
- State Farm: $1,087 per year
At an average of $2,743, AAA has the most expensive rates for drivers with tickets in Illinois.
AVERAGE CAR INSURANCE RATES WITH A TICKET
According to the National Highway Traffic Safety Administration, there were 948 crashes in Illinois due to distracted driving in 2018. Handheld devices and texting are against the law and can cause you to get a ticket for distracted driving in Illinois, which can reduce your chances of getting cheap car insurance.
To get the best rates, know the posted speed limit and avoid speeding. Also, don’t use your phone or drive while distracted, which can include talking with passengers or eating and drinking. Expect a ticket to increase your insurance rates for the same amount of time it stays on your driving record.
Cheapest Car Insurance for Drivers With a DUI in Illinois
On average, Illinois drivers with a DUI on their record pay around $2,219 per year. An average driver with a clean record pays an average of $1,191 per year.
The cheapest average options for drivers with a DUI in Illinois are from:
- State Farm: $1,087 per year
- Progressive: $1,134 per year
Additionally, the most expensive option in Illinois for drivers with a DUI is AAA at an average of $6,728 annually.
AVERAGE CAR INSURANCE RATES WITH A DUI
The consequences of a DUI conviction can be severe, including jail time, license suspension and higher auto insurance premiums. Your insurance rate can skyrocket even more if you have multiple DUIs on your record or get them within a short time period in Illinois.
To find affordable car insurance rates after a DUI, compare quotes from different companies. Doing so could save you around $5,641 per year.
Cheapest in Illinois for Drivers With an At-Fault Accident
Compared to drivers with clean driving records, those with violations often pay higher premiums. For example, if you have an at-fault accident on your record, your average premium is $695 more than a safe driver’s rate. You’ll need to pay $1,886 per year on average for car insurance.
If you have an at-fault accident on your driving record, the cheapest average companies in Illinois are:
- State Farm: $1,178 per year
- Country Financial: $1,187 per year
Meanwhile, AAA has the highest average rate for this profile at $2,924 annually.
CHEAPEST CAR INSURANCE WITH AN AT-FAULT ACCIDENT
Cheapest Car Insurance in Illinois for Drivers With Bad Credit
Car insurance companies in Illinois tend to charge higher rates for drivers with poor credit scores. The average rate is $2,182 per year, which is $991 more than the annual average premium for a driver with good credit.
On average, the cheapest car insurance companies for drivers with poor credit and full coverage for Illinois are:
- Country Financial: $1,242 per year
- Mercury: $1,434 per year
AAA has the highest rates for drivers with bad credit, costing around $2,973 per year.
CHEAPEST CAR INSURANCE RATES FOR DRIVERS WITH BAD CREDIT
Insurance companies use credit ratings as a way to determine someone’s ability to pay car insurance premiums and the likelihood of making a claim. However, this doesn’t mean that people with bad credit can’t get affordable car insurance in Illinois. In fact, Illinois residents can save around $1,731 by shopping around.
The best thing to do if you have bad credit and want to get lower rates is to improve your credit score. Not only will this help you lower your monthly insurance premiums, but it will also help you with other aspects of your finances as well.
Cheapest Car Insurance in Illinois for Military Drivers
The cheapest auto insurance company for military members and veterans in Illinois is GEICO at around $366 annually.
While not among the cheapest in the state, Illinois drivers with a military background can also consider USAA. The company has some of the best offers in general and consistently ranks as one of the country’s best.
- Average rate: $432 per year
- Ranks 4th cheapest out of 13 insurers
USAA is the fourth-cheapest car insurance provider in Illinois with an average policy cost of $432 per year. You can take advantage of common USAA discount offers like bundling, good student, multiple car and safe driving. Other rarer discount offers include legacy, loyalty, mileage, new vehicle and more.
Cheapest Car Insurance in Illinois by City
The cost of car insurance in Illinois varies depending on where you live. Among Illinois’ cities, Chicago has the most expensive rates. Drivers who live there pay an average of $1,134 each year for full coverage car insurance. By contrast, drivers in Peoria have the lowest average annual premium of $791.
Click on the city if you want to find out more information about car insurance in that area.
AVERAGE INSURANCE RATE BY CITY IN ILLINOIS
Car Insurance in Illinois: What You Need to Know
Illinois requires that you get insurance that at least meets the state’s minimum coverage requirements if you register a car.
Illinois Insurance Requirements
Illinois requires proof of insurance on all cars. To meet these requirements, you can either print a card or store the information on your smartphone. The information on the card should match the car you're driving. Unless you own a fleet of more than 25 vehicles, Illinois doesn't offer any insurance alternatives. However, if you have 26 vehicles or more, you can choose to self-insure them.
The minimum liability coverage levels in the state are $25,000 per person, $50,000 per accident and $20,000 for property damage. Drivers must also have $20,000 in uninsured motorist coverage per person and $40,000 per accident.
Drivers with a history of accidents or severe driving violations may have to carry a special type of insurance known as financial responsibility coverage. This requires a driver to put down a deposit or file a bond worth $70,000 to prove that they will be able to cover any future accidents.
Buying $100,000/$300,000 of liability insurance for your car is also a good idea. This type of coverage protects you against injuries and damage to your own vehicle. In addition, you may want to consider buying collision and comprehensive coverage if you live in an area that's prone to floods or other natural disasters.
FAQs About Car Insurance in Illinois
The most common questions that Illinois drivers ask about car insurance center around the cost and coverage level.
Expert Advice on Finding Cheap Car Insurance in Illinois
To help you find credible and accurate insight on car insurance in Illinois, MoneyGeek received expert advice from trusted professionals. The perspectives and opinions expressed are those of the individual contributor.
- What are the key factors drivers in Illinois should look for when searching for reliable and affordable coverage?
- How do regulations and rules in Illinois impact insurance pricing and how consumers might shop for coverage?
- What natural or environmental factors should drivers in Illinois consider when shopping for the best car insurance coverage?
- What steps can drivers in Illinois take to find affordable car insurance?
Associate Professor of Business at Moraine Valley Community College
Assistant Professor of Finance at Southern Illinois University Edwardsville
Professor of Finance and Quantitative Methods at Bradley University
Associate Professor of Economics at Northeastern Illinois University
Assistant Professor of Economics and Director of the Actuarial Science Business Program at Bradley University
CERTIFIED FINANCIAL PLANNER™(CFP®), Certified Wealth Strategist® (CWS®)
Assistant Professor of Finance at Millikin University
About the Author
- Alcohol.org. "DUIs Arrests and Fatalities by State." Accessed March 2, 2020.
- Centers for Disease Control and Prevention. "Sobering Facts: Alcohol-Impaired Driving State Fact Sheets." Accessed January 13, 2021.
- Experian. "Consumer Credit Review." Accessed March 3, 2020.
- Experian. "Why Do Car Insurance Companies Base Their Rates on Credit Scores?." Accessed March 3, 2020.
- Governors Highway Safety Administration. "Distracted Driving." Accessed March 2, 2020.
- Illinois Department of Insurance. "Consumer Automobile Information." Accessed March 2, 2020.
- National Highway Traffic Safety Administration. "2017 Data - Older Population." Accessed January 13, 2021.
- National Highway Traffic Safety Administration. "Distracted Driving." Accessed March 2, 2020.
- NOLO Driving Laws. "Illinois Drunk Driving Fines & Penalties." Accessed March 2, 2020.
- Office of the Illinois Secretary of State. "Programs for Seniors." Accessed March 3, 2020.